Tech
Lexmark warns of earnings shortfall in Q3, Q4
Lexmark International warned Monday that its third- and fourth-quarter earnings will fall short of analysts' estimates due to slow sales of inkjet cartridges and a weak euro. Lexmark shares closed off $2.
Lexmark International warned Monday that its third- and fourth-quarter earnings will fall short of analysts' estimates due to slow sales of inkjet cartridges and a weak euro.
Lexmark shares closed off $2.63 to $52 ahead of the warning.
Company officials said it expects to earn between 45 cents to 50 cents a share in its third quarter, well below the First Call Corp. consensus estimate of 60 cents a share.
It also said fourth-quarter earnings will check in between 55 cents to 65 cents a share, below the consensus estimate of 73 cents a share. Full story. -- Larry Barrett, ZDNet Inter@ctive Investor